Presentation on Macro Imbalances to European Parliament ECON Committee: April 24, 2012

The slides from my presentation of macroeconomic imbalances to the European Parliament’s ECON Committee are available here as a PowerPoint slideshow and here in PDF.

I stressed the need to boost aggregate demand in the core countries as a key requirement for solving the debt problems facing the periphery. It is interesting to see the developments over the past few days in which many senior European politicians have begun to stress the need for pro-growth policies. As I stressed in this Vox-EU article from February, it is still not too late to make the Fiscal Compact less restrictive.